Mark Breitbard Sells 3,393 Shares of The Gap, Inc. (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP - Get Free Report) CEO Mark Breitbard sold 3,393 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $19.58, for a total value of $66,434.94. Following the sale, the chief executive officer now directly owns 133,341 shares in the company, valued at approximately $2,610,816.78. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mark Breitbard also recently made the following trade(s):

• On Friday, March 14th, Mark Breitbard sold 16,055 shares of GAP stock. The stock was sold at an average price of $20.43, for a total transaction of $328,003.65.

GAP Stock Down 2.6 %

GAP stock traded down $0.54 during mid-day trading on Friday, hitting $19.95. The company's stock had a trading volume of 23,312,727 shares, compared to its average volume of 6,250,526. The Gap, Inc. has a 52-week low of $18.54 and a 52-week high of $26.41. The company has a market cap of $7.52 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.94 and a beta of 2.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The firm's 50 day moving average is $22.50 and its 200 day moving average is $22.48.

GAP (NYSE:GAP - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.07 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, analysts anticipate that The Gap, Inc. will post 2.02 earnings per share for the current year.

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GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from GAP's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.31%. GAP's dividend payout ratio is 29.86%.

Institutional Trading of GAP

A hedge fund recently bought a new stake in GAP stock. California State Teachers Retirement System bought a new position in The Gap, Inc. (NYSE:GAP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 209,599 shares of the company's stock, valued at approximately $4,953,000. California State Teachers Retirement System owned about 0.06% of GAP at the end of the most recent reporting period. Institutional investors and hedge funds own 58.81% of the company's stock.

Analyst Ratings Changes

GAP has been the topic of several recent research reports. Argus upgraded shares of GAP from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of GAP from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Bank of America upped their price target on GAP from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Evercore ISI raised their price objective on GAP from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, UBS Group cut their target price on GAP from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.25.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.